Form 4: Levi Strauss Director Yael Garten Acquires 111 Shares

Levi Strauss & Co. Director Yael Garten reported the acquisition of 111 shares of Class A Common Stock through dividend equivalent rights.

Summary

• Yael Garten, a Director at Levi Strauss & Co., acquired 111 shares of the company's Class A Common Stock.
• The transaction occurred on November 4, 2025, and was reported on November 6, 2025.
• The acquired shares are dividend equivalent rights (DERs), which represent a contingent right to receive one share of Class A Common Stock upon settlement.
• These DERs were acquired at a price of $0.00, indicating they are part of a compensation or award plan.
• Following this transaction, Yael Garten beneficially owns 60,473 shares of Class A Common Stock directly.
• The DERs vest and are delivered consistent with their underlying awards, with unvested awards vesting 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the underlying award's grant date.

Sentiment

Score: 6

Explanation: The acquisition of shares by a director, even if through compensation, is generally viewed as a minor positive as it aligns the director's interests with shareholders. However, the small number of shares (111) makes the impact minimal.

Positives

• A director increasing their beneficial ownership, even through compensation, can signal confidence in the company's future performance and aligns management interests with shareholders.

Future Outlook

Dividend equivalent rights (DERs) are subject to a vesting schedule, with unvested awards and related DERs vesting 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant of the underlying award. Some underlying awards are fully vested but subject to a deferred delivery feature, which also applies to related DERs.

Industry Context

This filing is a routine disclosure of an insider transaction, specifically a director's acquisition of shares as part of a compensation plan. It does not provide broader industry context or trends.

Related Party Transactions

• The acquisition of 111 shares through dividend equivalent rights (DERs) represents a compensation-related transaction between the company and a director, Yael Garten.

Stakeholder Impact

• Shareholders: A minor positive impact due to increased alignment of a director's interests with shareholder value through increased beneficial ownership.

Next Steps

• The vesting and delivery of the dividend equivalent rights (DERs) will occur consistent with the underlying awards, either before the next Annual Stockholder Meeting or on the first anniversary of the underlying award's grant date.

Key Dates

Keywords

Levi Strauss, LEVI, Yael Garten, Form 4, Insider Transaction, Director, Stock Acquisition, Dividend Equivalent Rights, DERs, Class A Common Stock